Wal-Mart Stores has today reported financial results for the third quarter of its fiscal year of 2015, revealing an increase in both consolidated net sales and total revenue.
Consolidated net sales for the third quarter were US$118.1bn, the group said, an increase of 2.8 per cent over last year, despite the quarter including the negative impact of approximately US$396m in currency exchange rate fluctuations.
Total revenue was US$119bn, an increase of approximately US$3.3bn, or 2.9 per cent.
Consolidated net income attributable to Walmart was US$3.7bn, a decrease of 0.7 per cent, while diluted earnings per share from continuing operations attributable to Walmart were US$1.15, or 0.9 per cent above last year's US$1.14.
'Walmart reported solid earnings per share of US$1.15 in the third quarter,' said Doug McMillon, Wal-Mart Stores president and CEO. 'The highlights for the quarter include the positive comp in Walmart US, including the strong performance from Neighborhood Markets, the 21 per cent increase in e-commerce sales globally and the profit performances from Sam's Club and our International business.'
'We are forecasting EPS for the fourth quarter between US$1.46 and US$1.56,' added Charles Holley, executive vice-president and chief financial officer,' and EPS for the full year to range between US$4.92 and US$5.02, which compares to our previous guidance of US$4.90 to US$5.15. These ranges include our estimate of approximately US$0.03 per share in charges related to the previously announced future closure of underperforming stores in Walmart Japan.'
